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Mortgage lending has leapt by more than a third over the past year despite the introduction
of tougher rules to prevent people taking out home loans they can’t
afford.

Gross mortgage lending was an estimated £16.6 billion last month, 8 per cent
higher than in March and 36 per cent more than April last year, according to
the Council of
Mortgage Lenders. It was the highest total for an April since the
financial crisis struck in 2008.

New rules on lending aimed at preventing borrowers having a mortgage they
cannot afford were introduced towards the end of last month by